This quiz works best with JavaScript enabled. Home > Public Finance > Public Finance – Quiz 39 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Public Finance Quiz 39 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which of the following is a component of government expenditure? A) Public debt servicing. B) Tax refunds. C) Transfer payments. D) Tax incentives. Show Answer Correct Answer: C) Transfer payments. 2. Which of the following is a type of transfer payment? A) Public goods. B) Social security benefits. C) Infrastructure spending. D) Debt servicing. Show Answer Correct Answer: B) Social security benefits. 3. Function which refers to taking over taxes, duty and other fees. This function focuses on gathering and sharing funds. A) Stabilization function. B) Allocation function. C) Fiscal function. D) Distriubution function. Show Answer Correct Answer: C) Fiscal function. 4. Which country was the major debt-holder of Russia at the start of the WW1? A) Germany. B) Great Britain. C) USA. D) France. Show Answer Correct Answer: D) France. 5. Which is the government's method of borrowing money in the country? A) Issuance of government bonds. B) Creation of public debt. C) Interbank borrowing. D) Borrowing money from the Bank of Thailand. Show Answer Correct Answer: A) Issuance of government bonds. 6. True or False Once a city's currency depreciates it is more affordable for fans to visit more games and buy more merchandiseTrue A) True. B) False. Show Answer Correct Answer: A) True. 7. Conditions for growth include the following three conditions, which one is not? A) Savings. B) Investment. C) Production productivity. D) Aggregate demand. Show Answer Correct Answer: D) Aggregate demand. 8. I can't believe how cheap these shorts were. They were a real ..... ! A) Discount. B) Bargain. C) Sale. D) Offer. Show Answer Correct Answer: B) Bargain. 9. GDP includes ..... A) Social Security payments. B) Second hand sales. C) Haircuts. D) None of above. Show Answer Correct Answer: C) Haircuts. 10. Which is not considered a component of government revenue? A) Medium budget. B) Treasury. C) Loan. D) Income. Show Answer Correct Answer: A) Medium budget. 11. Which of the following is a direct tax? A) Excise duty. B) Customs duty. C) Service tax. D) Income tax. Show Answer Correct Answer: D) Income tax. 12. Which is not an important component of national finance? A) National budget. B) Public debt. C) State enterprise expenses. D) Government revenue. Show Answer Correct Answer: C) State enterprise expenses. 13. All the following are the examples of direct tax, except A) Personal income tax. B) Company tax. C) Stamp duties. D) Services tax. Show Answer Correct Answer: D) Services tax. 14. The following definition of local government belongs to which academic from what the students have studied? "Local government means governance in which the government gives power or distributes power to local government units. To provide an opportunity for local people to have total governance power. or only part of the local administration according to the principle that if the administrative power comes from the local people Local governments need to have their own organizations. arising from the decentralization of the central government by allowing organizations that are not part of the government Have the power to make decisions and manage work within their jurisdiction." A) Dilys M. Hill. B) John J. Clark. C) Kowit Phuangngam. D) Daniel Wit. Show Answer Correct Answer: D) Daniel Wit. 15. The following are the Phaseson Budgetary Procedures except one. A) Preparation and Presentation. B) Basic Accounting. C) Budget Authorization. D) Budget Accountability. E) Budget Execution and Operation. Show Answer Correct Answer: B) Basic Accounting. 16. ..... is a tax paid on most goods and services. A) Income tax. B) Tax rebate. C) VAS. D) VAT. Show Answer Correct Answer: D) VAT. 17. Q1) Public Finance addresses the process of: A) A-Collection of taxes. B) A-Collection of taxes. C) A-Collection of taxes. D) A-Collection of taxes. Show Answer Correct Answer: A) A-Collection of taxes. 18. Entireness principle A) Parliament's budget work is open and apparent. B) Making only one budget containing all expenditures and revenues, not more documents. C) Trying to balance with budget in that way, that expenditures are equal with revenues. D) Including all expenditures and revenues, not only selected ones. Show Answer Correct Answer: D) Including all expenditures and revenues, not only selected ones. 19. How many Thai state enterprises are there today? A) 52 places. B) 56 locations. C) 59 places. D) 60 locations. Show Answer Correct Answer: B) 56 locations. 20. Which government agency is responsible for regulating the telecommunications industry in the Philippines? A) Department of Information and Communications Technology. B) National Telecommunications Commission. C) Department of Trade and Industry. D) Philippine Competition Commission. Show Answer Correct Answer: A) Department of Information and Communications Technology. ← PreviousNext →Related QuizzesPublic Finance Quiz 1Public Finance Quiz 2Public Finance Quiz 3Public Finance Quiz 4Public Finance Quiz 5Public Finance Quiz 6Public Finance Quiz 7Public Finance Quiz 8Public Finance Quiz 9Public Finance Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books